Depreciation and amortization periods for the Company’s property and equipment are as follows:
Asset ClassificationEstimated useful life
Building and building improvements
15-39 years
Information systems, office equipment and furniture
3-7 years
Internal-use computer software
10 years
Land improvements
15 years
Machinery and manufacturing equipment
5-15 years
Transportation equipment
3-5 years
Property, plant and equipment consisted of the following:
January 2, 2026January 3, 2025
Machinery and manufacturing equipment$193,865 $177,261 
Building and building improvements83,550 82,224 
Internal-use computer software40,399 38,572 
Information systems, office equipment and furniture32,412 28,725 
Leasehold improvements44,279 40,663 
Transportation equipment25,609 23,299 
Land and land improvements15,561 15,521 
Total property, plant and equipment435,675 406,265 
Less: accumulated depreciation and amortization(201,040)(159,872)
Total property, plant and equipment, net$234,635 $246,393 
The following table summarizes the allocation of depreciation expense in the accompanying consolidated statements of operations:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
Cost of sales$24,226 $19,153 $15,040 
General and administrative18,902 15,092 13,098 
Research and development3,069 3,158 2,916 
Sales and marketing1,926 1,635 1,040 
Total depreciation expense$48,123 $39,038 $32,094 

The Company’s long-lived assets by geographic location are as follows:
January 2, 2026January 3, 2025
United States$196,439 $203,937 
International38,196 42,456 
Total long-lived assets$234,635 $246,393 

Historical Timeline

Fiscal YearFiled
2026Feb 27, 2026Showing above
2025Feb 28, 2025
2023Feb 23, 2024
2022Feb 23, 2023
2021Feb 25, 2021
2020Mar 3, 2020
2018Feb 26, 2019
2017Feb 27, 2018
2016Mar 1, 2017
2015Feb 29, 2016

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.